plus, it's berkshire hathaway screaming buy with or without the oracle at the helm. that's what one analyst says, and he's here to explain why berkshire could rally 15% higher from here. later, apple is on a tear, officially exiting bear market territory and why apple's rally could soon come to a screeching halt. a chart you've got to see. we start off with what was a very big day for stocks and s&p and fed chair janet yellen said caution and rising rates is warranted -- raising rates, i should say and take a look at the risk-on moves. biotech and small caps seeing huge gains on the day so with free money seemingly now forever, what do you do with your portfolio now. tim, why don't you kick it off. >> mere mortals don't mess with

plus, it's berkshire hathaway screaming buy with or without the oracle at the helm.t's what one analyst says, and he's here to explain why berkshire could rally 15% higher from here. later, apple is on a tear, officially exiting bear market territory and why apple's rally could soon come to a screeching halt. a chart you've got to see. we start off with what was a very big day

. >> we want to show you i-77 southbound at the berkshire we are watching cars get by. but several vehicles are involved. if anyone you know uses this as an avenue home at the berkshire to clear out and >> great to have you here. >> cbs news next.% >> pelley: terror in brussels. [screaming] bomb, attack the airport. >> everyone panicking. we had to run. >> pelley: and the subway station. dozens are killed, hundreds wounded, including americans. >> this is yet another reminder that the world must unite. >> pelley: isis claims responsibility. >> we cannot let them succeed. >> pelley: and america goes on alert. >> i would close up our borders. >> this is a war. this is not an ice lated end debt. -- with scott pelley. >> pelley: we begin tonight with the breaking news from brussels where the toll continues to rise in the terror attacks at the airport and the subway station. the coordinated bombings killed at least 31 people. 250 were wounded, including some americans. isis claimed responsibility and warned today that there will be more "dark days. " officials believe the tw

the lions share of the stock has held at berkshire hathaway and subsidiaries. around $24 $25. the stock is close to $50. he has had it for several decades building it for years. it is a stock that has done quite well for him. it must have happened around the financial crisis time, not with warren buffett perhaps but with some investors. noah: this is an issue that has come up before. in 2008 some private equity firms were looking to take larger stakes in banks. it was an issue the fed was weighing back then. it also happened for buffett and berkshire. he owns about 15% of american express. in the mid-1990's, made a pledge that he would be a passive shareholder and vote along with management. betty: in terms of him accumulate in his stake in wells fargo, are there indications that he might go ahead and do that? noah: that he will go past 10%? betty: yes. that he will look to accumulate shares. noah: that is a great question. what we do know is that wells fargo is the bank he likes best. warren buffett likes to concentrate his bets. a couple of years ago you inte

berkshire is huge. they have billions of dollars of cash. it's getting harder and harder to find companies. >> he also weighed in on apple and the security versus privacy issue. what do you think? >> he made the case if you live in a dangerous world, worried about cyber threats and if you get credible information there's going to be a threat and it is important to national security, you've got to cooperate. he doesn't know tim cook. he admires he. he said that if apple really knew there was a targeted threat and important to national security, this is where what he says security trumps privacy. you can't also say national security is national security, national security has it. >> thanks very much. special correspondent with fortune. >>> another powerful letter to shareholders was issued this morning. this one from general electric ceo. he took on the government, political correctness and activists. mary thompson has more on the surprising blunt message the shareholders. >> reporter: almost 16 years into his bid as ceo, he has a no holds bar

. >> in april this year, for the first time, berkshire hathaway's annual meeting is going to be webcast. people won't have to be here live, which has been -- >> i will. >> but they'll be able to see you and your partner, charlie monger. why is that? >> well, there's two reasons. one is we've sort of run out of space in omaha. we're getting over 40,000 and it's a strain on facilities. you're in a business and your managing partners are 92, which charlie is, and 85, which i am, you probably ought to get a chance to see him. and a lot of people can't come to omaha. you know, it's expensive to travel here and all of that. so we'll be on for six hours, and people with decide whether we really should be cutting out paper dolls or running berkshire. >> i want to thank you so much for your time. really peesht appreciate it. >> it's been fun, thanks. >>> up next, we're "on the money." from working from home and a job to working for a silicon valley tech firm. how one nonprofit fueled a young man's journey. >> if someone told me three i'm doing today, i wouldn't have you show up. you stay up. you

the "berkshire eagle" reporting the school knew about it but initially didn' t report the extent of the allegations, trying to avoid an investigation. ed: two people are dead tonight after a crash in kensington, new hampshire. a third person has life-threatening injuries. investigators say the driver lost control on route 108 and rolled over twice. all three people inside were thrown from the suv. it is not clear tonight if speed, drugs, alcohol or a factor. heather: right now, a deadly crash in randolph is under investigation. it happened just after 1:30 this morning on route 24 south. one person is dead and another injured. the van veered off the highway and into the woods. it' s not clear what caused the driver to lose control. ed: let' s take you to leominster where right now investigators are trying to figure out what caused a fatal fire. home on main street before 9:00 this morning. you can see the aftermath here. so far, no other details about the victim or what caused the fire have been released. heather: time now to flashforward. ed: the weapon recovered from the scene. then, n

hour to 1 o'clock still hear the route to corridor appear into southern new hampshire back to the berkshires in southern vermont. another hour and it's just along the massachusetts new hampshire border this is guidance remember this is not going to be exact were all this parts of isa going to be but it's a very good presentation of what i've been thinking for the storm system most of us if your skier by the way that a snow falling and ski country for the north eventually though that changes over as well. fresh snow have to be groomed the morning. heavy rain through the morning drive sherry will be tracking along with jason brewer in the morning as that moves on through. high temperatures tomorrow will be mild getting up into the low 50s most locations situate to 50 degrees tomorrow as a storm blows on by. once it goes on by return colder we watch for the potential for little light snow on the morning. we'll see that the seven-day forecast weekend in view it'll be a chilly start to march this coming weekend before things start to warm up again early next week. >> it's easily preventable so wh

basically be an all-time high for berkshire. this is fascinating.e talk about buybacks, the warren buffett philosophy on this is not what you would expect. he's not necessarily against it. thinks it could make sense. saying if a company can't grow a dollar, it should not retain a dollar, it should give the capital back to you to do something with it. berkshire indicated 1.2 times book value is where it could get involved in the stock if it felt like it was trading at those levels. some are putting that as a floor in the analysis. profit improvement at geico. we talked about the challenges coming up with driverless cars. for the time being, geico continues to be a profit center. >> you have to like the railroad business at this point, too, if you want to like berkshire. if you took what burlington northern santa fe, if that business lost value like other stocks did, it's a long way back. >> what is also interesting, a broader call on the market saying an uncertain economic and market environment will benefit the like's berkshire with its strong balan

attack with site and breakdown it is a love story and it's a tremendous romance. and the direction of berkshire who really brings to life position that they originally had to celebrate culture that's what it's all about. and how they kids shall we dance could speak to us on many levels aside from just their relationship the king and i is as current and contemporary and needed in the american musical scenes as any musical it could possibly be out there. audiences will be delighted it will be a wonderful night at the theater. that's one musical you do not our season announcement show we're halfway there. there's when you might not have heard from. of the season. it's going to be the event this season it's the story of the young boy christopher john as he works to resolve unsolved problems the problem with the discovery of a neighbor's dog who is dead. he works to solve the mystery of who killed wellington that's his goal must then he discovers other things that's happened with his family and his dad invited his mom lease. the scenery that you're going to see is like looking inside the circuit boa

this is back into the berkshires. there will be a touch of freezing rain for a while. the system is producing snow north of chicago and rain to the south. this is going to be working in our direction. this is bringing in much colder temperatures than yesterday. we are sitting at 40 right now. some of that is lingering out there. it' s 32 out in orange. get later this afternoon. there are no weather worries if you' re going to the polls. it does look dry and we will timeout the messy weather coming up. emily: a deadly crash in randolph is under investigation. it happened en route 24 south. one person' s debt and another injured. the van veered off the highway. it' s not clear what caused it. a show of support and respect for a fallen genia police officer. her body was given an escort with full honors. her funeral is getting underway. she was gunned down during her first shift. many are there for service. this is a live look at that service happening right now. she was shot and killed while responding to a dip mastic -- domestic violence call. >> we are going to have a c

offering his berkshire employees $1 billion in the ncaa pool. have coy wire with the bleacher report next. thanks. ♪ [ male announcer ] fedex® has solutions to enable global commerce that can help your company grow steadily and quickly. great job. (mandarin) ♪ cut it out. >>see you tomorrow. ♪ at ally bank, no branches equals great rates. it's a fact. kind of like social media equals anti-social. hey guys, i want you to meet my fiancÉe, denise. hey. good to meet you dennis. theand to help you accelerate,. we've created a new company... one totally focused on what's next for your business. the true partnership where people,technology and ideas push everyone forward. accelerating innovation. accelerating transformation. accelerating next. hewlett packard enterprise. incredible bladder prthat lets from always diyou move like you mean it now comes with an incredible promise. the always discreet double your money back guarantee. always discreet is for bladder leaks and it's drier than poise. try it. we're so confident you'll love it, we'll give you d

warren buffett released his annual letter to berkshire hathaway shareholders this week.alyzed has letter on bloomberg tv and spoke with several other sages about coping with unsettling levels of uncertainty. matt: warren buffett's annual letter went beyond berkshire's nuts and bolts and into the state of presidential politics. he said the rhetoric on the campaign trail has been negative. "as a result of this negative drumbeat, many americans now believe their children were not live as they themselves do. that view is dead wrong. the babies being born in america today are the luckiest crop in history." that is a strong statement. noah: it was quite forceful. we have seen this kind of language from buffett in the past, but he went above and beyond in this year's letter to discuss why he thinks america is so great, and it really boils down to the fact that we have a capitalist system that keeps marching towards more and more productivity. for buffett, that is just the key factor. he said basically to shareholders, but he is speaking to a wider audience here, that we should

there's berkshire's stake now. wells far fwogo. is this the best bank for your buck. >> that's the most consistent. that and u.s. bank have been long-term holdings for him for a long period of time now. it's incredible. he loves earnings growth. they've got that. he likes their business model and 54% of their business is in lending. he likes that. there's a lot of reasons why but when you look at the performance and what wells fargo looks like, it really has been a bit of an underperformer and that's been a huge problem. obviously mr. buffet had a few of the stocks this year underperforming but you can understand why it's a core and that's why he had it for so long. >> this was a stock that was downgraded just last week. >> ubs. we talked about it. >> we did because he were concerned about their exposure to the high yield market. >> and we disagreed with the call. we talked about the mortgage business and the heelialing you seeing in the high yield market. certainly that's a buying opportunity for someone like warren buffet who alr

most of it is held by berkshire hathaway or subsidiaries of berkshire hathaway.continue building his state and the lender, yes the past a federal reserve review, which i'm guessing warren buffett could do. vonnie: i think you probably could. jonathan: can we get back to that price target of berkshire? matt: 230 $3000, but brian meredith says it is worth $244,000. jonathan: let's get to today's big deal. big monopoly.'s mak the company is buying dow systems for about $3 billion. we're joined by jeff mccracken. gekk?ll it now jeff: dell is buying emc, a data storage provided it is the biggest deal for dell. they are in the process of selling off about $10 billion in assets t that are not quite cout to them. this is something they bought that mostly in 2009 when it was perot systems. they spent about $4 billion. they are selling a big chunk of it and getting about $3 billion back for it. it does not see much of was the best deal for dell in its history. vonnie: they don't seem to care much about money these days. in the tech space, that's the biggest ever. the perot

especially the higher elevations like the worcester hills, the berkshires and the mononocks. areas where we will get slightly higher ice totals, back into the end of the week there, but only trace amounts of snow, sleet and ice south of worcester to the merrimack valley. more southern new hampshire and into the berkshires that we get higher ice totals anywhere from a 10th to a quarter inch of ice. 4 a.m. temperatures should be above freezing. worcester northward, buts a you cross the boarder into new hampshire, we are still going to have temperature readings in the 30s, and oftentimes, these spots, even fitchburg are slow to warm up. really see temperatures there in the 40s, 50s at the coast. really warm, but very wet and windy start to the day. here is 1:00 in the afternoon. rain showers are pushing out. the wind isn't going anywhere. it will lighten a little bit but still gusts 30 to 40 miles per hour tomorrow afternoon. use this and friday, start off in the teens. highs in the 30s after sunshine on thursday. friday, we are going to bring in the chance for a little light sn

those are know shower withs make the berkshires and won't get any showing up back here. so we turn a little bit chillier then there is warmth down here to will come up as the storm does. so it is going to be basically a rain-storm for us. clouds will thing late tomorrow. then first of the activity late tomorrow night and well north and west of boston could be a bit of sleet or freezing rain to start. a mild southerly wind takes over the wednesday morning's commute with downpours and wind and cold will dominate after this. now there you go. as far as wednesdays concerned. a little bit better idea of the timeline on this. see if we get to early hours and the morning and a little pink there. worcester north and west. a brief freezing rain or sleet. know for far northern new england but rain downpourance gusty winds to start off wednesday. we clear out windy and colder conditions following wednesday night and the rest of the week. the only other thing to watches friday. there will be ocean storm. probably too far away to do much except maybe a touch of snow for snow showers

berkshire owns more than 500 million shares, worth nearly $25 billion. in the filings, warren buffett saying the company has no intention to change how wells fargo operates. >>> "the wall street journal" reporting the s.e.c. is looking into sun edison's disclosures to determine whether the solar company exaggerated its liquidity last year. at the time, sun edison said it had more than a billion dollars in cash, but the journal says most of that was cash that the company couldn't actually access and the balance had dropped to less than 100 million by last november. origin technologies has pulled its takeover offer for affymetrix. the maker of the gene sequencing products said the bid wasn't superior. a little share reaction there. down less than 1%. >>> more stocks to watch. virgin america has reportedly received takeover bids from j jetblue and alaska air. analysts say it could make sense for jetblue, which is looking to expand on the u.s. west coast. >>> synnex revenues miss forecasts. the company issuing down beat guidance for the second quarter. >>> f

there -- berkshires. i don't think the freezing rain and snow will stick too long. thursday morning, all rain. wednesday morning's drive, rain, gusty winds. a little less wind and a lower severe threat than the last storm last week. that rain will be wrapping up by midday. and behind it, the cold air will funnel in. big changes between wednesday morning in the 50s, wednesday evening in the 30s, and 20s very quickly after sundown. so prepare for a lot of change there in the mid-week. then the next system we're watching is on friday. keeping close tabs on this one. right now, it's south of us. a chance of snow showers only. but it's cold enough that it could be a winter storm. the next few days, we'll keep an eye on the trends. but it's close enough to keep a watchful eye on it. >>> here's your accu weather 7- day. much colder the second half of the week. thursday we stay sub freezing. 30s on friday. and a chilly weekend. this may be the last big burst of cold because next week looks very warm in the northeast. david and lisa, back to you! >> thank you so much! likely

they talk about the berkshire hathaway model and basically they are asking the ceos to run their own companies but they are still reporting up to larry and still reporting under the alphabet structure. and so i think that they are still trying to figure out what that means, if these companies will be fully independent and what happens if they go under. i don't think anyone has an answer right now. >> they need a -- if you go back and look at berkshire, it's the fact you can find c's candy which took little investment over the years, threw off tons of cash and hugely scaleable. >> let's face it berkshire h hathaway buys proven companies, not a lot of unproven new technology and new business models and untried ceos or products. there is that big difference between the two. >> yeah, they are not self-driving cars that warren buffett is invested in and no one tried this smarthome technology and there are a lot of people that believe it will be the future, connected devices will be all around us. nest is pretty well positioned although apple and amazon are clearly two of the biggest compe

that could do damage, bringing this afternoon up against the berkshires there. the hill towns. we will see some of the stronger gusts over the higher elevations. overnight tonight, we are back into the teens and 20s folks. and then for the day tomorrow, highs in the low to mid-30s. all we are squeaking out. at least it stays nice and bright. the seven-day forecast for the weekend in view after hitting 50 early today. afternoon cools down and stays very windy. today's high 34 degrees. now on friday, i am going to keep it breezy with a high of 3 keep it breezy with a high of 32. we have the chance for snow. it looks pretty light and patchy accept over the cape and islands where we could be in for higher snow totals. stay tuned for details on that forecast. back to you, guys. >>> 4:20 right now. a new england woman diagnosed with the zika virus is doing okay this morning. coming up 4:30, how she got it without ever leaving the country. >>> plus a tornado destroys everything in its past. up next, how a coke machi the bigger the burrito, the bigger the fun. dunkin's new grandde burr

it supposedly using the berkshire hathaway chairman model, using insurance incomes to fund wider deals they strike a deal for starwood hotels, it would mark one of the largest acquisitions in the u.s. by a chinese company. worth noting, starwood would have to pay a $400 million termination fee if it walks away from this marriott deal. rishaad: thank you. more detail on that in the course the show. we want you to tweet us your thoughts. include #trending business. brookfield asset management and chief holdings have a great to buy austrian raylan port operator for just under $7 billion. more from sydney now. we talked to paul allen. this is a long-running saga. is it finally coming to an end? paul: it's been dragging on for seven months now. you,tics company, asterisk and brookfield asset management making increasing bids for relevant port operator. much to the delight of the shareholders. however, back in february, brookfield and cuba agreed to make a joint bid for as now know, and here it is. unveiled today, worth $6.8 billion. values at $9.28 per share. 4% premium over monday's close.

he approached her in his car near hillshire road and berkshire. stewart said she was walking alone but her friends were just down the street. >> tell me where you're going, you're not going to tell me where you're going, why don't you tell me. >> reporter: police are not doubting stewart's story. they want the community to be on the lookout for this man wanted for questioning. >> she's a 14-year-old girl, he's an adult, that's not the way to do things. >> reporter: stewart said her gut reaction to scream was what gut reaction to scream was what from being abducted. off. >> reporter: the victim said she has seen a blue jaguar in the area before but not this man. police say he could face criminal charges if they find there was criminal intent. live in daytona beach, blaine tolleson, channel 9 eyewitness news. >>> we're following breaking news out of orange county where the deputies are looking for a person near a church. we told you about the shooting on east 15th street. so far we know several shots were fired and one person was hit and killed. thi

david starr cofounded berkshire natural in 2009 after he had trouble finding healthy snack of his were his kids. his company services 12 businesses in the boston area making deliveries and filling machines like these several times a week. >> at foundation medicine, it has kind of become the building. >> it' s kind of become this funny thing where people will actually come over to this building for the snacks 10:23:57 -- >> it is money well spent. >> it sounds silly. little perks like this that we can offer that make a difference. >> the machines can be installed in a business at no cost. the company decides if it will pay for snacks or employees will. and by the way, one of the best sellers, the dried mangoes. very delicious. randy: sounds good. updates ahead on breaking news overnight. the late-night primary results, and a tragic crash in newton. the unsettlng moments before an suv clammed into a restaurant. plus, ivy league football teams are implementing a new rule. the decision that could have a ripple effect across the sport. >> the 10:00 news on metv boston. the people you know a

officials telling fox 46, 4 people have been hurt in 3 separate shootings in charlotte area, second on berkshire boulevard, one person was shot there taken to the hospital with life threatening injuries, before that another person was shot on mcginn grove dry of drive. for a missing 15-year-old girl, dixie may bailey was last seen brevard, north carolina outside of asheville, 5-4, blue eyes brown hair with orange streaks, wearing a peach color pull over, black tights and cowboy boots, call 911 if you may have seen her. bill: a stap staple for students and faculty alike at campus, but the restaurants and stores are being forced out, they have less than 3 weeks to pack up. jenna with more. reporter: she has owned red sea restaurant for 15 years. but about two weeks ago, he got shocking news. >> i got 40 days, all our staff, all things. reporter: attorney for the building where polices the tenants they need to be out by march 31, because of a deal between the owner and the cpcc . >> this is a big one. to pack up all of the stuff. the restaurant has been here 10 years. reporter: cpcc confirms an agr

steward got a good look at the man who she her friday night as she walked down hillcrest drive near berkshire road, heading to her boyfriends house. she says this is a good man' s orange hat, because the suspect opened the car door. >> he kept asking me where i was going and i kept ignoring him i froze up i didn' t say anything. he asked about 4 or 5 times. then he was like come here and it sounded like he said you come to me or i will come to you. reporter: though terrified, steward says she finally got her wits about her and as she' s long been taught, reacted to the threat i' m scared what do i do, should i just scream? the smart thing to do is scream. reporter: and it worked not only did the suspect race away stewards boyfriend who lives close to her, came running. when she went to my house i heard her scream and i came down off. s seen the blue jaguar in the neighborhood she' s not sure who owns it, or whether the suspect was in it on those earlier occasions, she got time. this sketch and searching for that distinctive light blue possibly 2004 jaguar. >> we' re going to keep checking on

not a bad start for the interstates as folks make their way to the john berkshire. >>> breaking news center following several developing stories across the area. as mark mentioned, part of this busy road in east charlotte is shut down as crews investigate what caused a fire at a restaurant right here. here is live video to show you. the el paisano restaurant. firefighters are still out there on the scene making sure any potential hot spots don't rekindle. they believe the fire started in the kitchen. take a look at this video at the height of the fire just before 4:00 this morning. it took dozens of firefighters to put it out. officials estimate the fire right now as mark mentioned a few minutes ago, one outbound lane is open on albemarle. mark taylor will be back in a few minutes to have an update. >>> we are following breaking news in anson county. state police are investigating a deputy involved shooting. here is a live look from boat landing road just off blew it falls road all you can see is the anson county squad car blocking part of the road. investigators say around 11:00 las

plus berkshire hathaway upset stake in wells fargo.ch is the best bank for your buck and we're trading to home fielders today as numbers impress. we'll see you in about 15 and be at the economic club for this speech everybody is waiting for. >>> there's only one thing everybody on this floor is waiting for today. yellen. yes, janet yellen. that's what they're waiting for. doves, hawks. dovishness, hawkishness. it's all about foul language, isn't it? that's what it is going to be about today. indeed, doves or hawks but i think the fed personally is looking for financial utopia. that i don't think really exists. the fed ideally would like to wait until everything is so green at the intersection that everybody who is driving quickly in the equity markets trying to get to the long side of the boat. they want to be long. they want to raise rates and they want the market to like it. that ship has sailed if indeed it was ever on a maiden voyage to begin with. there is no financial utopia. and i think the fact that the fed has brought in globa

. >> warren buffett's animal letter went beyond berkshires and into the state of presidential politicsetoric on the campaign trail has been negative, and here's a direct quote. "as a result of this negative drumbeat, many americans now believe their children will not live as well as they themselves do. that is wrong, the americans being born today are the luckiest crop in history." that is a strong statement. >> is quite forceful. he really went above and beyond in this year's letter. americass why he thinks is so great, and it really does boil down to the fact that we have a capitalist system that keeps marching toward more and more productivity. for buffett, that is just the key factor. he says basically to shareholders, and he is speaking to a wider audience here, that politicians should put aside the state of the economy right now, because over a longer time. -- over a long time period, amerco works out for society. -- america works out for society. intoas been wading politics and has been very clear that he supports hilly quinton and expects her to win the clinton andhillary expec

under 15 minutes from 45 up to the john bell came berkshire. out to 277, about 53 miles per hour. this is both directions whether you are on the out loop or inner loop of the book shore. >>> >>> a teenager home alone when a man broke out this window and climbed inside. >> i flipped out. >> ahead at 5:45. the way he convinced the suspect to leave and how police were able to catch up to him. >> a bill in the south carolina house would mean children have they are 13 years old. they i think we should've taken a left at the river.tarzan know where tarzan go! tarzan does not know where tarzan go. hey, excuse me, do you know where the waterfall is? waterfall? no, me tarzan, king of jungle. why don't you want to just ask somebody? if you're a couple, you fight over directions. it's what you do. if you want to save fifteen percent or more on car insurance, you switch to geico. oh ohhhhh r it's what you do. >>> an armed robbery in the charlotte. a live look at the scenes. crews just got there 7-eleven. you can see it's an active scene. likely interviewing the clerk inside. here is what we k

. >>> update on an accident we told you about ten minutes ago on the ramp from 85 north to the berkshire. not having a huge impact on traffic for folks through the area. 277 right now, not affecting the interstate. that's for sure. no big slowdowns. something we will watch, the other interstates as well as we minutes. futures. the dow is down 65 points. nasdaq is down about 21. >>> some mint hit students thought they were going to an assembly during school yesterday but they got a huge surprise. you don't want to miss this. next, the first order of business the family took care of as soon as they returned home. >> president obama's pick for the supreme court will meet with democratic leaders. >>> happening today president obama's pick to fill the vacant supreme court seat is expected to visit capitol hill and speak to democratic senators. >> the president nominated merrick garland to fill antonin scalia's seat. senate republican leaders vowed mitch mcconnell said garland won't get a hearing. some republicans have said they will speak to garland. watch "good morning america" following "ey

annualwarren buffett letter went beyond berkshire's nuts and bolts and into politics theories of thec -- into politics. he said the rhetoric -- tt: that is a strong statement. >> it was quite forceful. we have seen this kind of language from buffett in the past, but he went above and beyond in this year's letter to discuss why he thinks america is so great, and it really boils down to the fact that we have a capitalist system that keeps marching toward more and more productivity. for buffett, that is just the key factor. he said basically to shareholders, but he is speaking to a wider audience here, that we should put five what politicians are telling us about the state of the economy right now because over a much longer time period, america really has worked out for society. >> so he avoided, though, endorsing anybody in the letter. noah: yeah. a chance thats people would have been quite mad if he did. the letter is not the place to do that, but you are exactly g into he has 1been wadin politics. he has made it clear that he supports hillary clinton and expects her to win the campai

if i were teaching a course in business the berkshire hathaway annual report would be in the syllabus. it is a clinic no one wants to part with. you can learn more than you have they could charge a fortune. fist things first i have been recommending the stock. why not? the stock of the greatest investor of our time. runs against the cramerica grain. he runs fabulous businesses from geico to the railroad energy value added chemicals and metal fabricatinging operations and a host of other too numerous to name. there's a complete acquisition we'll talk about next year at this time. he owns shares in great companies and some les er ones, too. with the cost basis that's to die for. ibm, wells fargo. he backed up all four managements with the statement that these four investments produce excellent business and a run by managers who are talented and shareholderer friendly. if you are looking for criticism of ibm and american ex press them. he's on board. he's also happy with another under performer, bank of america. he has a huge stake in it. his fourth largest equity investment if you back

of the gunmen are in custody at this point in the shootings happened at the shell gas station on berkshire dr. three police are investigating a shooting him again and two other people were shot at the plaza. investigators tell us they're victims and suspects knew one another and each of these four cases. there's a new effort underway to try to put an end to this violence. it starts with young kids at the barbershop. a north the north carolina vocal barber association is starting a new initiative called literacy with a purpose. the ideas to reach out to the kids ages four to 10 when the children come in for a haircut. they will also get to read a book with the train mentor from the community. that will can only help them, can not only help them with their reading skills to talk to them about what's going on in their lives followed them as they grow up as well. >> we want to make sure that person hasn't objected to get results and mentors like retired athletes from the nfl from the charlotte hornets make sure% there are balsillie of a lot of people that want to be imported. l it sounds like

yesterday we spoke to berkshire hathaway ceo warren buffett.e gave when it comes to buying stocks. >> american business will do fine over time. if you own a piece of it and don't beat yourself. the only person that can cause you to get a bad result in stocks is yourself. joinings now is the chief investment strategist at raymond james. jeff, what do you think about what warren staid? >> i think he's absolutely correct. if you look at the growth of book value in warren buffett's stock, berkshire hathaway, it's proven the test of time. >> anybody who has bought the general indexes just over the course of this year has lost money, though. what do you think is going on? do you think there's an end in sight? is there a point in time when stocks not only stabilize but start to rise again in the near future? >> yeah, i think you put in a double bottom in the stock market, the model actually got it right on february 11th at the bottom. we had a 7% rally off of that low. that used up a lot of the market's internal energy. we said the beginning of last w

he just sold one of his biggest debt offerings ever, $9 billion in corporate debt from berkshire hathawayi don't want to be on other side of that trade. i'm delighted as berk share shareholder not to be bondholder. liz: you look what he does. he his favor the days are ones we see 100, 200 points to the downside. >> blood on the street. liz: what i wanted was cheap now. so why not get in? >> $140 billion voted against warren buffett's strategy. i think i go with warren buffett. liz: last you checks right? >> last i checked. liz: are you worried about the fed raising? will it hurt? >> fed begun to lose confidence the markets. seven, five, four and three, they did a pretty good job. actually most couple years. zero interest rate, no the a good idea. liz: where were you nine years ago when the market hit bottom, march 9th. >> right here? fortunately made some money since then. liz: because you went in. mike, great to see you. mike holland, holland and company been a friend of this network since we were a baby one day old. fifth bump. on the seventh anniversary of the start of the bull market

it's basically southern vermont a couple into the berkshires of massachusetts out there to the west. right now inconsequential we won't have accumulating snow here but the snow showers have the leading edge of another shot of cool air coming in. wake up in the morning have you sunshine. the middle of the day. ahead of our next system that i'm already tracking. here's how temperatures will track overnight tonight in boston from 44 down to 32 with some sunshine. back up to 35 by mid-morning. in worcester of course typically cold will be this time too going down to 27 first thing in the morning. quite a turnaround from what we had today. i'm tracking that storm when ice becomes a problem straight ahead. >>> the idea to arm campus police officers with semiautomatic weapons hit a wall tonight. boston city council wanted to talk about the idea with northeastern university but school officials they never showed up. fox 25's jim morelli is live on campus now to show us what might happen next. jim? >> reporter: vanessa, northeastern got pummeled tonight by city councils and students and again